047 of 2024 - Adopting the Rate of Tax Levy, Including the Levy for the Library Fund, for Fiscal Year 2024-251
SALT LAKE CITY ORDINANCE
No. ____ of 2024
(Adopting the final rate of tax levy, including the final levy for the
Library Fund, upon all real and personal property within
Salt Lake City, made taxable by law for fiscal year 2024-2025)
PREAMBLE
Chapter 2, Title 59 of the Utah Code states that the governing body of each city shall, by
ordinance or resolution, adopt a proposed tax levy or, if the tax rate is not more than the certified
tax rate, a final tax levy on the real and personal property for various municipal purposes.
Chapter 2, Title 59, of the Utah Code provides for certain notice and hearing requirements if the
proposed tax rate exceeds the certified tax rate. In that event, the proposed tax rate does not
become final unless approved by resolution of the City Council following such notice and public
hearing. It is the intent of Salt Lake City to comply with the mandate of the Utah Legislature,
but reserve in itself the power to amend the tax rates set herein to guarantee, after final appraisal
figures have been determined, that it does not exceed the amount required for its governmental
operations and taxing authority granted by the Legislature.
It is the intent of Salt Lake City to adopt a total final tax rate for the general fund and to
adopt a final tax rate for the Library.The City acknowledges this action will require a truth in
taxation hearing.
Further, it is the intent of the City to levy an additional tax, if necessary, to cover costs of
State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the
Utah Code.
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final tax levy,
which includes the amount of the final library fund tax levy previously adopted, pursuant to
Chapter 2, Title 59 of the Utah Code, upon all real and personal property within Salt Lake City
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made taxable by law during fiscal year 2024-2025 to defray the necessary and proper expenses
of Salt Lake City to maintain the government thereof and for operating and maintaining its
libraries and reading rooms and to pay for costs of State legislative mandates or judicial or
administrative orders under Chapter 2, Title 59 of the Utah Code.
SECTION 2. FINAL TAX LEVY: 2024-2025. The City Council hereby adopts the
following final levy, subject to Chapter 2, Title 59 of the Utah Code, upon all real and personal
property within Salt Lake City made taxable by law, for the fiscal year of Salt Lake City
beginning July 1, 2024, and ending June 30, 2025, a tax of 0.003401 on each dollar of taxable
valuation of said property apportioned as follows:
a) 0.002299 shall be credited as revenue in the general fund, generating $104,523,194 of
ongoing revenue; and
b) 0.000003 shall be credited to the judgment levy for the general fund, a one-year
adjustment generating $116,407 of one-time revenue; and
c) 0.000646 shall be credited as revenue in the special library fund, generating
$30,956,106 of ongoing revenue; and
d) 0.000365 shall be credited toward repayment of General Obligation Bonds,
generating $16,596,203 of ongoing revenue; and
e) 0.000088 shall be credited as revenue in the Governmental Immunity Fund for tort
liability, generating $4,000,896 of ongoing revenue.
The City Council hereby further levies a tax to cover the costs of State legislative mandates or
judicial or administrative orders under Chapter 2, Title 59 of the Utah Code as determined by the
Utah State Tax Commission and the Salt Lake County Auditor’s Office.
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Said tax levies in this Section 2 shall be subject to Mayor approval and City Council
reconsideration pursuant to § 10-3b-204 of the Utah Code.
SECTION 3. CERTIFIED TO AUDITOR. The tax levies hereinabove determined and
levied shall be certified by the City Recorder to the Auditor of Salt Lake County, State of Utah,
pursuant to the provisions of Chapter 2, Title 59 of the Utah Code.
SECTION 4. RESERVED POWER AND RIGHT TO AMEND. The City hereby
expressly reserves the power and right to amend any property tax levy made herein as it may
deem just, proper and appropriate under the law.
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SECTION 5. EFFECTIVE DATE. This Ordinance shall become effective on July 1, 2024.
Passed by the City Council of Salt Lake City, Utah, this 11th day of June 2024.
______________________________________
Victoria Petro, Council Chair
ATTEST:
______________________________
Cindy Lou Trishman, City Recorder
Transmitted to the Mayor on __________________________.
Mayor’s Action: _____Approved. _____Vetoed.
______________________________
Erin Mendenhall, Mayor
ATTEST:
____________________________
Cindy Lou Trishman, City Recorder
Bill No. _______ of 2024.
Published: ____________________.
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Katherine Lewis (Jun 12, 2024 12:22 MDT)
Jun 12, 2024
i t*ria etr* (Jun 1т, 2024 12:1ч MDT)
Jun 1т, 2024
rin Men enha'' (Jun 1ц, 2024 1ш:4ч MDT)
4
June 1ш, 2024
H3 - FY25 Adopting Final Rate of Tax Levy -
Clean
Final Audit Report 2024-06-18
Created:2024-06-12
By:Thais Stewart (thais.stewart@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAAVWeKNMzLb10ffFHmz9W_Iq_pSbq1E8fC
"H3 - FY25 Adopting Final Rate of Tax Levy - Clean" History
Document created by Thais Stewart (thais.stewart@slcgov.com)
2024-06-12 - 5:29:43 PM GMT
Document emailed to Katherine Lewis (katherine.lewis@slcgov.com) for signature
2024-06-12 - 5:31:53 PM GMT
Email sent to sophia.allen@slcgov.com bounced and could not be delivered
2024-06-12 - 5:32:00 PM GMT
Email viewed by Katherine Lewis (katherine.lewis@slcgov.com)
2024-06-12 - 6:08:03 PM GMT
Document e-signed by Katherine Lewis (katherine.lewis@slcgov.com)
Signature Date: 2024-06-12 - 6:22:43 PM GMT - Time Source: server
Document emailed to victoria.petro@slcgov.com for signature
2024-06-12 - 6:22:45 PM GMT
Email viewed by victoria.petro@slcgov.com
2024-06-13 - 6:17:58 PM GMT
Signer victoria.petro@slcgov.com entered name at signing as Victoria Petro
2024-06-13 - 6:18:09 PM GMT
Document e-signed by Victoria Petro (victoria.petro@slcgov.com)
Signature Date: 2024-06-13 - 6:18:11 PM GMT - Time Source: server
Document emailed to Erin Mendenhall (erin.mendenhall@slcgov.com) for signature
2024-06-13 - 6:18:13 PM GMT
Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com)
2024-06-13 - 7:34:18 PM GMT
Document e-signed by Erin Mendenhall (erin.mendenhall@slcgov.com)
Signature Date: 2024-06-18 - 1:48:51 AM GMT - Time Source: server
Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature
2024-06-18 - 1:48:53 AM GMT
Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com)
Signature Date: 2024-06-18 - 6:47:50 PM GMT - Time Source: server
Agreement completed.
2024-06-18 - 6:47:50 PM GMT